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Trump blasts Fed Chair over weak jobs report, demands rate cut

President Donald Trump renewed his attacks on Federal Reserve Chairman Jerome Powell on Wednesday, calling for immediate interest rate cuts


House Republicans push to expand, make QBI deduction permanent

House Republicans have introduced legislation that would permanently extend and expand the Qualified Business Income (QBI) deduction, a key tax


Consumer confidence rebounds in May after Trump tariff pauses ease fears

After five months of declines, U.S. consumer confidence rebounded sharply in May as President Donald Trump’s temporary tariff pauses and


Small businesses show uneven growth amid inventory and hiring shifts

According to Bank of America Institute’s latest Small Business Checkpoint report, released May 15, 2025, small businesses show mixed signals


SBA halts expansion of high-risk loan program amid soaring defaults

The U.S. Small Business Administration (SBA) has announced an immediate moratorium on the expansion of the Community Advantage Small Business


Fed’s Powell warns of supply shocks, higher long-term rates

Federal Reserve Chair Jerome Powell on Thursday warned that longer-term interest rates will likely remain higher amid economic and policy


Trump tariffs fuel recession fears among small business owners

Small business owners across the U.S. are growing increasingly pessimistic about the economy, with many preparing for a potential recession


Fed expected to hold interest rates despite Trump’s pressure for cuts

The Federal Reserve will likely hold interest rates steady after its meeting on Tuesday and Wednesday, despite political pressure from


National Small Business Week kicks off May 4 with focus on IRS support and resources

National Small Business Week (NSBW) began May 4 and runs through May 10, with the U.S. Small Business Administration (SBA)


U.S. adds 177,000 jobs in April as labor market holds strong despite tariff turmoil

American employers added 177,000 jobs in April, exceeding expectations and signaling continued labor market strength despite mounting pressure from President


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